Save an Entire Generation
Student loan debt has crippled an entire generation of Americans. Home buying rates amongst millennials is 8% lower than boomers. This is not because millennials don’t want a home, but because they can’t afford one. Millennials are strapped with a debt that has turned the American dream in the American nightmare. We stand for the cancellation of all student loan debt which would be relief to over 42 million Americans.
We must forgive the $1.5 trillion debt that is held by 45 million Americans and is crippling our most vulnerable generation and future generations. We can’t allow the continuation of the student debt that is a roadblock for millennials that is stifling our ability to buy homes, start businesses, and be a part of the middle class. I will support Rep. Omar’s Student Debt Cancellation Act of 2019, that will forgive all of the country’s student debt. This bill would cost $2.2 trillion over a decade and be paid for by a tax of 0.5 percent on stock trades, a 0.1 percent fee on bonds, and a .0005 percent fee on derivatives.